Schindler Holding Ltd : Q3 confirms favourable momentum of margin improvement
>A good Q3 2024 thanks to the modernisation business and a solid margin - Yesterday morning, Schindler reported Q3 2024 results above expectations (see our First Take published Thursday, 17 October), mainly regarding the order intake (modernisation) and the margin. Orders reflected a 5.5% increase at constant currency (consensus at +1.5%). Revenues were up 2.6% at cc (consensus at 2%). The EBIT margin continued to improve and reached 11.7% (consensus at 10.9%), + 140b...Schindler Holding is a holding company. Co. through its subsidiaries is engaged in the production of escalators, elevators and moving walks. Co. operates globally in one main division: Elevators and Escalators. The Elevators and Escalators division provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. Co. also provides commercial and public transport escalators and inclined and horizontal moving walks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.